What Is the Average Value of House Contents for Probate in the UK?

What Is the Average Value of House Contents for Probate?

When handling probate in the UK, the value of household contents (furniture, appliances, personal belongings) must be included in the estate valuation. The average value varies depending on the property size, lifestyle, and specific items owned.

Typical Probate Valuations for House Contents

• Standard household contents: £10,000 – £30,000
• Higher-value estates (antiques, jewellery, artwork): £50,000+
• Minimal contents (basic furniture & appliances): Under £10,000

If the deceased had rare antiques, collectibles, or high-value jewellery, a professional valuation is recommended.

How to Value House Contents for Probate

1. Use the ‘Open Market Value’ Approach

HMRC requires items to be valued at their market value, meaning:

• The price they would sell for in a second-hand market (e.g., auction, charity shop).
• Not the original purchase price or insurance valuation.

2. Estimate the Value of Everyday Items

• Furniture & appliances: Typically depreciate in value.
• Clothing & books: Often have low resale value unless rare or designer items.
• Jewellery & watches: May need an expert valuation.
• Artwork & antiques: Consider an auction house appraisal.

3. When to Get a Professional Valuation

A professional valuation is advisable if:

• Items are potentially worth over £500 each.
• The estate is subject to Inheritance Tax (IHT).
• There are disputes over asset distribution.

Do House Contents Affect Inheritance Tax?

If the total estate value (including property, savings, and personal belongings) exceeds £325,000, Inheritance Tax (IHT) at 40% may apply. Proper valuation ensures accurate tax reporting and prevents HMRC challenges.

How Fraser Bond Can Help

Fraser Bond offers expert guidance on probate property valuations and estate administration. Whether you need assistance valuing house contents or handling probate property sales, our team provides professional support throughout the process.

Need Help with Probate Valuation? Contact Fraser Bond Today

Ensure accurate estate valuation for probate with expert advice from Fraser Bond. Speak to our specialists for assistance with property and asset valuations.